The criminal investigation into Federal Reserve Chair Jerome Powell has opened a rare public rift inside Donald Trump's economic team, with Treasury Secretary Scott Bessent privately warning the president that the Justice Department's move would create a political and market "mess.

President Donald Trump visited the Motor City on Tuesday to tout what he considered wins on the economy and other aspects of his second term, which have included a rough economic start, a brutal immigration crackdown that has led to the shooting death of an American citizen,

Federal Reserve chair could stay on the board beyond this year in effort to protect US central bank’s independence

F or nearly a year, Donald Trump has assailed the Federal Reserve with unjustified criticism and legal threats. Until this weekend, Jerome Powell, the Fed chair, maintained a studied public silence. Now, warfare between America’s central bank and the White House has broken out into the open.

The DOJ subpoenaed the Fed Reserve concerning allegations that Powell lied regarding the scope of expensive Fed reservations.

Supreme Court arguments on Jan. 21 will likely be the next big development for the central bank's quest to maintain independence.

US President Donald Trump has been pushing the Federal Reserve to cut rates. Speaking at the Detroit Economic Club on Tuesday, Trump said that the Fed should be cutting rates because the economy has been strong.

President Donald Trump is addressing the Detroit Economic Club as his justice department investigates Federal Reserve chair Jerome Powell.